New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-18
WILLIAM J. HUTCHINSON ARRESTED.

CHARGED WITH STEALING SECURITIES BELoN'iNo
TO sIsTARE 4 SONS.
William J. Hutchinson, the former Wall Stree'
broker whose transactions with John X. Dun OF Dos
ton led 70 his expulsion from tho Stock Exchange
1892 IL again In trouble. Yesterday afternoon nc
was arrested by Officer Robert Walsh OF the hs
Police Justice Smith information sworn OUT ~
William H. Sistsre, OF the firm OF t1eorge H. sstatS IT,
Sons Of No. 10 Broad-st Mt Sistare charges % ~.
Hutchinson with stealing stocks and bonds IRON DIS
Arm of the value OF $35, 000 The complaint alisEeo
that on May H. 1854, Hutchinson was asked 70
negotiate loan for the stsfe' ne receVeu rV co.."
COMPANY On August IA and this Sas incresSsoSaa
by tho firm placing in Mr. Hutchnsons hann . ooJ
shares OF Chicago 81 ETus a8 Wabash and Western
Railroad stock two ST. 900 bonds OF the Denver a,a
Rio Crande Railroad, and thirty 81 900 income pond
of the East Tennessee, Virginia and Georgia heiro.,
All of these bonds to BIO used in negotiating '"0
After while Mr. Hutchinson reported that ne naa
,aised Al 600 which no delivered to the Sistarre
He then went IL is alleged to the nm OF No.
oombe Co., of No. Broadst and iniuced them 70
take up the collateral which had been depos' uow in
the all Street Bank, OF which Mr.. Dickinson, 10Y on
turn the balance over to the credit OF his wife MsIy
Hutchinson. After this Mr. Hutchinson doPar.cad in ~
y, apce with the proceeds of the stocks ana bonus
hs pooket Tho S,stares heard that he had returned
to this city March and took prompt steps 70 n"''
Mr. Hutchinson, as soon as he taken into GUS h.
tody sent for Allen W. Evarts. OF NO. OZ Was|, .i
son Of Senator Evarts, who Is his counsel IN tne M
proceedings brought agaip-t him by MI Dru. ~" ~
Eyarts appeared before Justice Smith IN the lomoe
the afternoon when Hutchinson was arraigned anu
asked TO have the cIamnat set down tor
Thi, was done aud Justice smith paroled the prisoner
until then in the custody OF his counsel ,
Mr. Hutchinson was expelled from tho STOCK Eh
chan re on June o, 1892 after trial tefore the oS
ernine Committee that lasted moro than two month";.
The Apulson W ~ the seqQe to tho famous cotnor,
In Hannibal and ST. Joseph common stock whoh ga,
minated in September of tho preceding year. ny 70
corner was managed by Kennedy, hutchinson
Co.. which was one Of the largest and most aouyo
brokerage firms in Wall Street. in behalf OF 'ohn Is.
Dnn Of Boston The corner" had been forgotten
and the firm had been dissolved when whispers began
70 be heard in regard to Mr. Hutchnsons honesty IN
the management OF his clients speculations mo
scanda became public in March after partial se,'o
ment with Mr. QUA had been ade, but Mr. hn,ch,n-
son denied all the rumors and the firm iormaiiy VI
manded an which reeuIted in his e1pul
sion. His membership In the Exchange WAS dee'"reu
forfeited ,,. %
Mr. Hutchinson afttrward obtained an injuncton 70
restrain tho Stock Exchange from declaring hin non
its privileges tho grodnd that he had not had ia
trial according to legal rules OF evidence lie du nv
attampt to take ad antage OF the injunction before
sudden departure for Europe n 1884 but on rcecn'
decision OF the suit in hs favor he at once returned W
New-York He has not visited tho STOCK EAchapge 10
which he Is legally entitled to admission In lorI
John r. DUFF brought suit against him tor tho recovery
of 81 OOC 900 the SUIT is still pending IN the gu
prene Court and is approaching trial.